We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

$311M In Claims Axed From Citco Hedge Fund Suit

Law360 (February 11, 2009, 12:00 AM EST) -- A federal judge has knocked claims for about $311 million out of an investor lawsuit stemming from the collapse of two British Virgin Islands-based hedge funds owned by Citco Fund Services NV, granting a motion by a Citco subsidiary for reconsideration of an earlier summary judgment order.

Judge Shira A. Scheindlin of the U.S. District Court for the Southern District of New York ruled Tuesday that a number of claims by investors against Citco and its officers for breach of fiduciary duty should be dismissed. She...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.